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ICICI Bank Share Price: Q1 Results Show ICICI Outperforms HDFC On Profitability

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Nidhi Thakur
timer
July 19, 2026
ICICI Bank Share Price: Q1 Results Show ICICI Outperforms HDFC On Profitabilityblog thumbnail

Key Takeaways

  • ICICI Bank Q1 standalone net profit rose 16% YoY to Rs 14,804 crore.
  • ICICI Bank NII rose 13% YoY to Rs 24,385 crore, while HDFC Bank's NII was Rs 33,534 crore.
  • ICICI Bank GNPA was 1.38% and Net NPAs 0.35%; HDFC Bank GNPA was 1.17% and Net NPAs 0.41%.
  • ICICI Bank outperformed HDFC Bank on net profit, NII, asset quality and operating profit in Q1.

In the context of icici bank share price, Q1 results present a clear narrative for retail investors across India: ICICI Bank posted a robust set of metrics, outpacing HDFC Bank on profitability, NII growth, and asset quality. The quarter reinforces why traders and long-term investors monitor the icici bank share price as a potential driver for the broader private-bank space. This piece breaks down the numbers and explains what they could mean for your portfolio.

Key figures from the quarter include ICICI Bank Q1 standalone net profit of Rs 14,804 crore, up 16% year-on-year, compared with a Bloomberg consensus of Rs 13,373 crore. ICICI Bank's NII for Q1 stood at Rs 24,385 crore, a 13% YoY rise from Rs 21,635 crore in the prior year. HDFC Bank, by contrast, reported Q1 net profit of Rs 19,059 crore, up 5% YoY, versus analysts' estimates of Rs 19,720 crore.

ICICI Bank's NII growth was supported by a robust margin profile, while HDFC Bank maintained a larger base but a slower pace of growth. HDFC Bank's NII for Q1 was Rs 33,534 crore, up 6.7% YoY from Rs 31,438 crore in the prior year. The bank's operating metrics showed resilience, even as profits rose at a more moderate pace than ICICI in this quarter.

Asset quality dynamics show ICICI Bank's GNPA at 1.38% in Q1, down from 1.67% a year ago, while its Net NPAs stood at 0.35%, down from 0.41% year-on-year. Bloomberg estimate for ICICI Bank GNPA was 1.45%. HDFC Bank's GNPA was 1.17% in Q1, up from 1.15% in the preceding quarter, and Net NPAs were 0.41% (versus 0.38% prior quarter).

ICICI Bank's operating profit for Q1 was Rs 20,386 crore, up from Rs 17,505 crore in Q1 FY26, and above consensus Rs 19,278 crore. HDFC Bank's operating profit was Rs 28,168 crore, down 21.2% from Rs 35,734 crore in the year-ago quarter. Net interest margin (NIM) on total assets stood at 3.26%, with analysts at 3.32% expected. NIM on interest-earning assets was 3.40%, reflecting a stronger core margin for ICICI Bank in this quarter.

On a relative basis, ICICI Bank's results stood out on key metrics–net profit, NII, asset quality, and operating profit–relative to HDFC Bank in this quarter. For retail investors, these dynamics influence the icici bank share price trajectory over the near term, though macro factors and policy developments can sway sentiment in the sector.

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Frequently Asked Questions

What was ICICI Bank's Q1 standalone net profit and its YoY growth?

ICICI Bank's Q1 standalone net profit was Rs 14,804 crore, up 16% year-on-year.

What was ICICI Bank's Q1 NII and its YoY growth?

ICICI Bank's NII for Q1 was Rs 24,385 crore, up 13% year-on-year.

How did HDFC Bank perform in Q1 in terms of net profit and NII?

HDFC Bank reported Q1 net profit of Rs 19,059 crore, up 5% year-on-year, with NII of Rs 33,534 crore, up 6.7% year-on-year.

What are the GNPA and Net NPAs for ICICI Bank in Q1?

ICICI Bank's GNPA was 1.38% (down from 1.67% year ago) and Net NPAs were 0.35% (down from 0.41% year ago).

Which bank outperformed the other in Q1 on key metrics such as profit and NII?

ICICI Bank outperformed HDFC Bank on net profit, NII, asset quality, and operating profit in Q1.

What were NIM metrics for ICICI Bank and how did they compare to expectations?

Net interest margin on total assets was 3.26% (analysts expected 3.32%), while NIM on interest-earning assets stood at 3.40%.

Conclusion

From a retail investor's standpoint, Q1 confirms that ICICI Bank's earnings path looks robust, especially in profitability and asset quality, while HDFC Bank remains a heavyweight with a bigger base but slower momentum on some metrics. The comparison suggests a nuanced icici bank earnings trajectory that could support the icici bank share price over the next few quarters, depending on market conditions and credit-cycle dynamics.

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Reference :

1 : Ndtvprofit

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